Precision Drilling Corporation (PDS)
NYSE: PDS · IEX Real-Time Price · USD
68.26
-0.69 (-1.00%)
Apr 16, 2024, 4:00 PM EDT - Market closed

Precision Drilling Statistics

Total Valuation

PDS has a market cap or net worth of $988.31 million. The enterprise value is $1.67 billion.

Market Cap 988.31M
Enterprise Value 1.67B

Important Dates

The next confirmed earnings date is Thursday, April 25, 2024, before market open.

Earnings Date Apr 25, 2024
Ex-Dividend Date n/a

Share Statistics

PDS has 14.48 million shares outstanding. The number of shares has increased by 0.67% in one year.

Shares Outstanding 14.48M
Shares Change (YoY) +0.67%
Shares Change (QoQ) -0.48%
Owned by Insiders (%) 1.32%
Owned by Institutions (%) 58.04%
Float 13.95M

Valuation Ratios

The trailing PE ratio is 4.83 and the forward PE ratio is 7.57. PDS's PEG ratio is 0.40.

PE Ratio 4.83
Forward PE 7.57
PS Ratio 0.68
Forward PS 0.48
PB Ratio 0.87
P/FCF Ratio 4.56
PEG Ratio 0.40
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 3.56, with an EV/FCF ratio of 7.70.

EV / Earnings 7.66
EV / Sales 1.14
EV / EBITDA 3.56
EV / EBIT 6.60
EV / FCF 7.70

Financial Position

The company has a current ratio of 1.40, with a Debt / Equity ratio of 0.63.

Current Ratio 1.40
Quick Ratio 1.31
Debt / Equity 0.63
Debt / EBITDA 1.53
Debt / FCF 3.31
Interest Coverage 4.19

Financial Efficiency

Return on equity (ROE) is 20.50% and return on invested capital (ROIC) is 15.01%.

Return on Equity (ROE) 20.50%
Return on Assets (ROA) 10.10%
Return on Capital (ROIC) 15.01%
Revenue Per Employee $291,407
Profits Per Employee $43,495
Employee Count 5,000
Asset Turnover 0.68
Inventory Turnover 34.21

Taxes

Income Tax -16.96M
Effective Tax Rate -8.46%

Stock Price Statistics

The stock price has increased by +35.98% in the last 52 weeks. The beta is 2.92, so PDS's price volatility has been higher than the market average.

Beta (1Y) 2.92
52-Week Price Change +35.98%
50-Day Moving Average 65.15
200-Day Moving Average 61.27
Relative Strength Index (RSI) 47.94
Average Volume (30 Days) 83,982

Short Selling Information

The latest short interest is 351,549, so 2.43% of the outstanding shares have been sold short.

Short Interest 351,549
Short Previous Month 344,096
Short % of Shares Out 2.43%
Short % of Float 2.52%
Short Ratio (days to cover) 5.40

Income Statement

In the last 12 months, PDS had revenue of $1.46 billion and earned $217.48 million in profits. Earnings per share was $14.12.

Revenue 1.46B
Gross Profit 530.17M
Operating Income 256.08M
Pretax Income 192.15M
Net Income 217.48M
EBITDA 467.59M
EBIT 252.46M
Earnings Per Share (EPS) $14.12
Full Income Statement

Balance Sheet

The company has $39.17 million in cash and $717.34 million in debt, giving a net cash position of -$678.16 million or -$46.84 per share.

Cash & Cash Equivalents 39.17M
Total Debt 717.34M
Net Cash -678.16M
Net Cash Per Share -$46.84
Equity / Book Value 1.14B
Book Value Per Share 78.68
Working Capital 105.01M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $361.91 million and capital expenditures -$145.41 million, giving a free cash flow of $216.50 million.

Operating Cash Flow 361.91M
Capital Expenditures -145.41M
Free Cash Flow 216.50M
FCF Per Share $15.91
Full Cash Flow Statement

Margins

Gross margin is 36.39%, with operating and profit margins of 17.58% and 14.93%.

Gross Margin 36.39%
Operating Margin 17.58%
Pretax Margin 13.19%
Profit Margin 14.93%
EBITDA Margin 32.09%
EBIT Margin 17.33%
FCF Margin 14.86%

Dividends & Yields

PDS does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -0.67%
Shareholder Yield -0.67%
Earnings Yield 22.00%
FCF Yield 21.91%
Dividend Details

Analyst Forecast

The average price target for PDS is $107.00, which is 56.75% higher than the current price. The consensus rating is "Strong Buy".

Price Target $107.00
Price Target Difference 56.75%
Analyst Consensus Strong Buy
Analyst Count 3
Revenue Growth Forecast (5Y) n/a
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Stock Splits

The last stock split was on November 12, 2020. It was a reverse split with a ratio of 1:20.

Last Split Date Nov 12, 2020
Split Type Reverse
Split Ratio 1:20

Scores

PDS has an Altman Z-Score of 1.21 and a Piotroski F-Score of 7. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 1.21
Piotroski F-Score 7